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23-63-214. Certificate of authority — Notice of suspension or revocation.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-63-214. Certificate of authority — Notice of suspension or revocation.
(a) Suspension or revocation of an insurer's certificate of authority shall be by the Insurance Commissioner's order given to the insurer as provided by § 23-61-109.
(b) The commissioner shall promptly also give notice of the suspension or revocation to the insurer's agents in this state of record in the commissioner's office.
(c) The insurer shall not solicit or write any new business in this state during the period of any suspension or revocation. Provided, however, the insurer shall be allowed to renew and service existing policies and contracts during the period of any suspension, unless limited by the commissioner by his or her order or by court order.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-63-214
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:23-63-214
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: f427a97149e4338109af5d147fe683a6f2d2961a23a18e55c20402bb8d213460
Source location: content.xml paragraph 31254
Stored source content
23-63-214. Certificate of authority — Notice of suspension or revocation.
(a) Suspension or revocation of an insurer's certificate of authority shall be by the Insurance Commissioner's order given to the insurer as provided by § 23-61-109.
(b) The commissioner shall promptly also give notice of the suspension or revocation to the insurer's agents in this state of record in the commissioner's office.
(c) The insurer shall not solicit or write any new business in this state during the period of any suspension or revocation. Provided, however, the insurer shall be allowed to renew and service existing policies and contracts during the period of any suspension, unless limited by the commissioner by his or her order or by court order.
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Arkansas Code — all titles (historical 2020) · legal_authorities
23-61-109. Orders and notices.
(a) Orders and notices of the Insurance Commissioner shall be effective only when in writing signed by the commissioner by his or her authority.
(b) Every order shall state its effective date and shall concisely state:
(1) Its intent or purpose;
(2) The grounds on which based; and
(3) The provisions of the Arkansas Insurance Code pursuant to which action is taken or proposed to be taken, but failure to so designate all applicable provisions shall not deprive the commissioner of the right to rely thereon.
(c) Except as may be provided in the Arkansas Insurance Code respecting particular procedures, an order or notice may be given by service upon or delivery to the person to be ordered or notified or by mailing it, postage prepaid, addressed to the person at his or her principal place of business as last of record in the department.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-61-109
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 23-61-109. This identifies an authority to review, not proof of applicability.